ANOKA, Minn. (AP) _ Vista Outdoor Inc. (VSTO) on Thursday reported a loss of $48.6 million in its fiscal fourth quarter.
The Anoka, Minnesota-based company said it had a loss of 84 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 1 cent per share.
The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The maker of firearms, ammunition and accessories posted revenue of $515.3 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $495.5 million.
For the year, the company reported that its loss widened to $648.4 million, or $11.27 per share. Revenue was reported as $2.06 billion.
Vista Outdoor expects full-year earnings to be 28 cents to 38 cents per share, with revenue in the range of $1.94 billion to $2.03 billion.
Vista Outdoor shares have decreased 22% since the beginning of the year. The stock has dropped 35% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on VSTO at https://www.zacks.com/ap/VSTO